Bank of America Corp DE Purchases New Shares in Armstrong World Industries, Inc. $AWI

Key Points

• Bank of America initiated a sizable position in Armstrong World Industries, purchasing 464,757 shares worth approximately $74.6 million, representing 1.10% of the company. Institutional investors collectively own 98.93% of AWI.
• Armstrong reported quarterly EPS of $2.36, exceeding estimates of $2.25, while revenue rose 11.2% year over year to $472 million. The company maintained fiscal 2026 EPS guidance of $8.30–$8.50.
• The board authorized an $800 million share-repurchase program, covering up to 12.3% of outstanding shares. Analysts have a “Moderate Buy” consensus rating and an average price target of $213.25.

Bank of America Corp DE purchased a new position in shares of Armstrong World Industries, Inc. (NYSE:AWI - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 464,757 shares of the construction company's stock, valued at approximately $74,556,000. Bank of America Corp DE owned 1.10% of Armstrong World Industries at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Freestone Grove Partners LP purchased a new stake in shares of Armstrong World Industries in the second quarter valued at about $1,859,000. Caisse de depot et placement du Quebec purchased a new stake in Armstrong World Industries during the 2nd quarter valued at approximately $1,019,000. Man Group plc acquired a new stake in Armstrong World Industries during the 2nd quarter worth approximately $10,445,000. Jupiter Topco LLC acquired a new stake in Armstrong World Industries during the 2nd quarter worth approximately $3,177,000. Finally, Hsbc Holdings PLC purchased a new position in shares of Armstrong World Industries in the 2nd quarter valued at approximately $3,552,000. 98.93% of the stock is owned by hedge funds and other institutional investors.

Armstrong World Industries Price Performance

Armstrong World Industries stock opened at $159.65 on Friday. The company has a market cap of $6.75 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 1.55 and a beta of 1.17. Armstrong World Industries, Inc. has a one year low of $150.28 and a one year high of $206.08. The business has a fifty day moving average of $170.86 and a two-hundred day moving average of $166.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.06 and a current ratio of 1.52.

Armstrong World Industries (NYSE:AWI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The construction company reported $2.36 EPS for the quarter, beating the consensus estimate of $2.25 by $0.11. The firm had revenue of $472.00 million during the quarter, compared to analysts' expectations of $461.67 million. Armstrong World Industries had a net margin of 18.60% and a return on equity of 37.35%. The business's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter last year, the business earned $2.09 earnings per share. Armstrong World Industries has set its FY 2026 guidance at 8.300-8.500 EPS. As a group, analysts predict that Armstrong World Industries, Inc. will post 8.39 earnings per share for the current fiscal year.

Armstrong World Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Wednesday, August 5th were paid a $0.339 dividend. This represents a $1.36 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 5th. Armstrong World Industries's dividend payout ratio (DPR) is presently 18.63%.

Armstrong World Industries announced that its board has approved a share buyback program on Tuesday, July 21st that permits the company to buyback $800.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 12.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AWI shares. Weiss Ratings upgraded shares of Armstrong World Industries from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, September 9th. Truist Financial set a $230.00 price objective on shares of Armstrong World Industries in a research report on Tuesday, September 8th. DA Davidson restated a "buy" rating and issued a $215.00 target price on shares of Armstrong World Industries in a research note on Tuesday, September 1st. UBS Group reaffirmed a "neutral" rating and issued a $203.00 target price on shares of Armstrong World Industries in a report on Wednesday, July 29th. Finally, Jefferies Financial Group reiterated a "hold" rating and set a $190.00 price target on shares of Armstrong World Industries in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $213.25.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc is a manufacturer of ceiling, wall and suspension-system solutions for commercial and residential spaces. The company develops products designed to improve acoustics, aesthetics, lighting integration, indoor environmental quality and installation efficiency.

Its product portfolio includes mineral fiber, fiberglass, metal and wood ceilings; ceiling suspension systems; acoustical wall panels; partitions; and specialty architectural systems. Armstrong's solutions are used in offices, schools, health care facilities, retail spaces, transportation hubs, hospitality venues and other building environments.

Armstrong World Industries traces its roots to 1860 and is headquartered in Lancaster, Pennsylvania.

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